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car court appointed receiver: What happens when commercial projects go into foreclosure? and what is the role of a Court Appointed Receiver(CAR)? - 09/23/09 09:40 AM
Receivers take over when project crashes                                              
Job is to find agreement all parties can live withBy DICK HOGANdhogan@news-press.com
Sometimes it is better to hire a receiver than it is to give up on a commercial property that's in financial straits.
That's the conclusion increasing numbers of lenders are coming to as the number of office buildings and shopping centers slipping into foreclosure continues to rise.
"It's a busy time," said Jerry McHale, a Fort Myers-based certified public accountant. "I've been doing this for 35 years and I've never been busier."
Bill Valenti, president of Florida Gulf Bank in Fort Myers, said … (0 comments)

 

Stephen A. Cunningham; MAI, CCIM

Fort Myers, FL

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Real Estate and Development According to Hammer or "READ" is a blog that provides information relating to Commercial Real Estate and Development from South Florida, with periodic entries of LandQwest properties available for sale or lease. site stats Locations of visitors to this page website statistics
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